I have been trading for so many years, experiencing big market moves, as well as major liquidations, standing at the peak of success and falling into deep valleys, shining brightly, and also falling into despair, going through all kinds of ups and downs in the market. In the early days, I tried all kinds of quantitative strategies available in the market, joined various communities, and paid fees to some teachers. Everything you’ve seen, I’ve been exposed to; everything you haven’t seen, I’ve also encountered. The tuition fees paid in the market, whether necessary or not, amount to at least two or three hundred thousand yuan. Now, for me personally, it’s become quite normal. Controlling position sizes, avoiding heavy leverage and reckless trading, trading frequently, minimizing risks, and maintaining steady profits—that’s already enough. Staying more stable overall makes life much easier for me. Greed is insatiable; I am now financially free. You must understand the principle that water overflows when full, and a full moon wanes; extremes tend to reverse. I advise everyone not to listen to those online bloggers spouting nonsense; you need to have your own insights. Especially those promoting EA quantitative software, exaggerating their returns, but ultimately ending in liquidation. I’ve used too many, losing at least 700,000 to 800,000 yuan—small wins, big losses, it’s not worth it.

Liquidation is inevitable; it’s just a matter of time. They rely on selling software to make money; your life and death have nothing to do with them. As long as you use their software, they profit. If the company isn’t making money, how could so many quantitative firms be selling these tools? If it really could make money, it wouldn’t be circulating in the market, and you wouldn’t even have access to it. Don’t waste money becoming a chives (loser). Even accounts for observation and data can be manipulated; everything can be faked. Only what you haven’t seen, and what others can’t do, is real. When others want to take your money and harvest you, they can do all kinds of setups—definitely using dimensionality reduction to strike at you.

The barrier to trading is low, but the ceiling is high; it’s a professional industry that requires continuous learning. Don’t think that relying on broken or neglected quantitative strategies will make money like printing money. That’s not how it works. If it were so powerful, how could there still be poor people in the world? Everyone could just run a quantitative software, and no one would be broke. Who would work or be a beast of burden? Also, when trading, never fight against the market. Don’t hold positions with a lucky mindset, and don’t trade after drinking. When your mindset is unstable, don’t trade either. When it’s time to stop, just have a cigarette, go for a walk, and relax. A good mindset is half the success. Be sure to control risks within your capacity. Never get carried away.

We are investors; we are traders. Don’t turn investing and trading into gambling. After so many years of trading, the final hurdle is human nature, and it’s the hardest to overcome. Technical skills can be learned, but human nature is the toughest. If you can’t control your greed, it’s very difficult to achieve self-breakthrough. Many people fail because of greed. As long as you don’t greed, you can survive in this market. One sentence: when you gaze into the abyss, the abyss also gazes into you. When your desires are full, they will devour you. Keep going, and I hope everyone can become the master of trading sooner rather than later, rather than a chive (loser).